Afreximbank Forum to tackle corporate governance and due diligence challenges

Cairo, 08 October 2015 – The African Export-Import Bank (Afreximbank) is to host the second edition of its Annual Customer Due Diligence and Corporate Governance Forum in Seychelles from 29 to 30 October in bid to build momentum for a collaborative African approach to addressing the unique challenges confronting African financial institutions in the field

Afreximbank allocates $10 million to support trade growth in Rwanda

Cairo, 30 September 2015 – The African Export-Import Bank (Afreximbank) and the Development Bank of Rwanda (BRD) have signed a facility agreement for a $10 million Afreximbank line of credit to support BRD’s efforts to finance trade diversification and promote value-added exports in Rwanda’s productive sectors. At a signing ceremony held at the Afreximbank Headquarters

Afreximbank swears in new President

Cairo, 21 September 2015 – Nigerian banker Dr. Benedict Oramah today in Cairo took over the leadership of the African Export-Import Bank (Afreximbank) as the third President of the continental trade finance institution. At a colourful investiture ceremony presided over by Dr. Denny Kalyalya, Governor of the Bank of Zambia, on behalf of Alexander Chikwanda,

Afreximbank inaugurates Headquarters Building

Cairo, 20 September 2015 – The Egyptian Foreign Minister, Sameh Shoukry, today in Cairo inaugurated the Headquarters Building of the African Export-Import Bank (Afreximbank) with a reemphasis of the need for African countries to strengthen trade and economic links amongst them. Mr. Shoukry, who was represented by Mohamed Edrees, Assistant Foreign Minister for African Affairs,

French Development Agency (AFD) and African Export-Import Bank (Afreximbank) sign EUR 100M line of credit to promote African trade diversification and intra-African trade

Cairo, 18 September 2015 – The African Export-Import Bank (Afreximbank) and Agence Française de Développement (AFD) today in Cairo signed a 100 million-Euro line of credit facility agreement to support the African trade finance bank in its interventions to transform the structure of African trade. According to Afreximbank and AFD, the targeted transformations focus on

Afreximbank gears up for investiture of new President, Headquarters inauguration

Cairo, 15 September 2015 – The Egyptian capital of Cairo is to host high ranking African government officials, heads of international organizations, members of the diplomatic community, leaders of international financial institutions and the business community as the African Export-Import Bank (Afreximbank) inaugurates its Headquarters building and conducts the investiture of its new president on

Afreximbank business forum aims to unlock financing opportunities for Tanzanian businesses

Cairo, 04 September 2015 – To raise awareness and increase access to its financing services and products available to the Tanzanian market, the African Export-Import Bank (Afreximbank) is to hold a business forum in the Tanzanian capital of Dar-es-Salam on 10 September. Organised in collaboration with the Bank of Tanzania, the forum will also seek

Afreximbank picks Seychelles for take-off of Blue Economy Strategy

Cairo, 18 August 2015 – The African Export-Import Bank (Afreximbank) has selected Seychelles as the first beneficiary of a “Blue Economy” strategy that it is developing, Dr. Benedict Oramah, President Designate of the Bank, announced today in Victoria. Dr. Oramah, who was speaking during a courtesy call on President James Michel of Seychelles, said that

Afreximbank plans initiative to help Ghana address foreign exchange liquidity challenge

Accra, 10 August 2015 – The African Export-Import Bank (Afreximbank) has announced a proposal to introduce foreign exchange swap arrangements aimed at advancing the availability of foreign exchange to the Bank of Ghana as part of a foreign exchange liquidity support for imports into Ghana. Dr. Benedict Oramah, President Designate of the Bank, who made

Negative perceptions blamed for impeding investment into Africa

Dubai, 08 August 2015 – Negative perceptions about the economic environment in Africa is a key factor militating against the flow of external investment into the continent,  Denys Denya, Executive Vice President of the African Export-Import Bank (Afreximbank) in charge of Finance, Administration and Banking Services, has said. Mr. Denya, who was speaking in Dubai

Afreximbank works to increase African footprint as it celebrates landmark term Loan

Cairo, 30 July 2015 – The African Export-Import Bank (Afreximbank) is working diligently to increase its footprints in major countries across the continent and to broaden its role in African trade finance, Bank President Jean-Louis Ekra, said today in Frankfurt, Germany. Speaking during a commemorative ceremony to mark the conclusion of a $458 million and

Cote d’Ivoire announces plans to increase investment in Afreximbank

Abidjan, 28 July 2015 – Ivorian President Alassane Ouattara today in Abidjan announced that the country planned to increase its investment in the African Export-Import Bank (Afreximbank) by taking up its rights under the Bank’s ongoing general capital raising exercise. In September 2014, Afreximbank Shareholders, in an Extraordinary General Meeting in Cairo, approved a $500-million